Another Holiday Weekend Looms

Our hopes of finishing the week on an uptick were slowed today by a higher-than-expected PPI. As such, both inflation reports came in hotter this week and that's likely going to lead to a red candle for Comex gold. Comex silver, on the other hand...

So, anyway, at least it's Friday and we have a three-day US market holiday weekend pending...which is nice. Global markets will be open on Monday and the Chinese will return from their New Year celebrations but the US will be closed in observance of President's Day. As for yours truly? I hope to be on the golf course.

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Key Economic Events Week of 4/22

4/23 9:45 ET S&P flash PMIs
4/23 10:00 ET New home sales
4/24 8:30 ET Durable Goods
4/25 8:30 ET Q1 GDP first guess
4/25 10:00 ET Pending home sales
4/26 8:30 ET PCE and Core PCE
4/26 8:30 ET Personal Inc & Spend
4/26 10:00 ET April UMich

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